Jeffrey G. Gorski Sells 700 Shares of Littelfuse, Inc. (NASDAQ:LFUS) Stock

Littelfuse, Inc. (NASDAQ:LFUS) CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Littelfuse Stock Performance

Shares of LFUS stock traded up $0.84 during trading hours on Monday, hitting $247.14. The stock had a trading volume of 10,749 shares, compared to its average volume of 125,963. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The firm has a market capitalization of $6.13 billion, a PE ratio of 31.66, a PEG ratio of 2.48 and a beta of 1.26. The stock’s 50 day moving average is $251.16 and its 200 day moving average is $255.26. Littelfuse, Inc. has a twelve month low of $222.91 and a twelve month high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. During the same period in the prior year, the business earned $2.97 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. As a group, research analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.13%. Littelfuse’s payout ratio is currently 35.99%.

Institutional Investors Weigh In On Littelfuse

A number of institutional investors have recently added to or reduced their stakes in LFUS. Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of Littelfuse in the 2nd quarter valued at approximately $100,662,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Littelfuse in the second quarter worth $46,037,000. Victory Capital Management Inc. lifted its holdings in Littelfuse by 13.2% in the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock valued at $128,179,000 after acquiring an additional 58,529 shares during the period. Verition Fund Management LLC acquired a new stake in Littelfuse in the third quarter valued at $14,480,000. Finally, Jennison Associates LLC boosted its position in shares of Littelfuse by 38.4% during the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after purchasing an additional 50,304 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird increased their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $285.00.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.